Banking

The Bank of Canada in Ottawa on Wednesday, July 14, 2021. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada names new deputy governor, ‘temporarily’ expanding governing council

Sharon Kozicki will take on the role on Aug. 2 after serving eight years as an adviser

 

A pedestrian walks past The Bank of Canada in Ottawa on Tuesday, Dec. 15, 2020. THE CANADIAN PRESS/Sean Kilpatrick

Bank of Canada keeps key interest rate target on hold

Today’s announcement points to a recovery some time in the second half of 2022

 

Bank of Canada Deputy Governor Tiff Macklem appears at a Commons finance committee on Parliament Hill in Ottawa on Tuesday, April 23, 2013. THE CANADIAN PRESS/Sean Kilpatrick

Morneau names Tiff Macklem new Bank of Canada governor

The central bank has slashed its target overnight interest rate to 0.25 per cent

 

Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson

Desjardins Group says 2019 theft of 4.2 million members’ data cost $108 million

The costs are mainly related to the package of measures offered to members

Desjardins President and CEO Guy Cormier reads a statement during a news conference in Montreal on June 20, 2019. THE CANADIAN PRESS/Paul Chiasson
Credit unions in Cranbrook and across the country will feel the impact of OSFI’s decision; funds usually allocated to community development will now be used to remove the words bank, banker and banking from their businesses. Photo courtesy of Jane Davies

Credit Unions to be prevented from using the B-word: Huge costs coming

Paul Rodgers On June 30, 2017 an advisory was issued by the…

  • Jul 17, 2017
Credit unions in Cranbrook and across the country will feel the impact of OSFI’s decision; funds usually allocated to community development will now be used to remove the words bank, banker and banking from their businesses. Photo courtesy of Jane Davies